VGT Governance System
A 3% transaction fee is charged for each VGT transaction, of which 1% goes into the VGT treasury system, 1% goes into the LP pool, and 1% goes into the publicity fee warehouse.
Users who stake VGT will have voting rights, and the weight will be distributed according to the staking ratio.
First 50 users who stake VGT will also have the right to submit project proposals, but the project must be related to the future development of the WEB3 video field. Senior analysts of MetaVision will evaluate the proposal, and the result will be submitted to VGT staking users for voting.
The contract mechanism will be triggered when the VGT treasury system funds meet the value of 25,000 BUSD with the approval of the existing project proposals. The VGT treasury system funds of 25,000 BUSD (swapping the certain amount of VGT into 25,000 BUSD) will be automatically withdrawn for proposal investment.
When the invested project releases its tokens for MetaVision, the sponsored party will sell the pre-set project tokens into BUSD, of which 25% will be used to swap VIT; 20% will be used to swap VGT; 45% will be given to the staking VGT users; 5% will be used to reward project proposers; 5% will be injected back to VGT Governance System.
There will be a project vote every two weeks, and VGT staking users will decide whether to invest or not.
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